Housing Benefit is a good example of ?
Correct answer: A. a means tested cash benefit
- A. a means tested cash benefit
- B. a universal (social insurance based) benefit
- C. a benefit in kind
- D. none of the above
Explanation
Housing Benefit is generally paid as cash but restricted according to the claimant’s income and circumstances, so it is means-tested. A benefit in kind would provide a service or commodity rather than cash support.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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